Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of State Bank Of India for its Naigaon Bazar branch in Nanded, Nanded, Maharashtra, then this guide will give you detailed information.
The banking system has evolved significantly in India, and today the customers of State Bank Of India located in Nanded or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code SBIN0003498. You should definitely know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for State Bank Of India, Naigaon Bazar, Nanded
The table below shows the main details of the IFSC Code SBIN0003498 for the State Bank Of India branch in Nanded, which falls under the Nanded district in Maharashtra.
| Particulars | Details |
|---|---|
| Bank | State Bank Of India |
| IFSC Code | SBIN0003498 |
| Branch | Naigaon Bazar |
| City | Nanded |
| District | Nanded |
| State | Maharashtra |
| Address | Opp Balaji Oil Industries, Near Laxmi Talkies, Distt Nanded, Maharashtra 431709 |
These details are important not only for users using online banking but also for businesses and individuals who use State Bank Of India in Nanded for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code SBIN0003498 for the Naigaon Bazar branch of State Bank Of India is vital.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, along with State Bank Of India located in Naigaon Bazar, Nanded, Maharashtra, are allotted a unique IFSC like SBIN0003498 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Nanded.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Nanded and Nanded.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to State Bank Of India in Naigaon Bazar reaches the right place, even though there are thousands of branches in Maharashtra and across India.
Format of the IFSC Code SBIN0003498
The format of the IFSC Code for banks, including State Bank Of India, has an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): Show the bank code. For State Bank Of India, these letters represent the bank's short name.
- 5th character: Is always zero and is kept for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Naigaon Bazar in Nanded.
For example, the IFSC Code SBIN0003498 of State Bank Of India for the Naigaon Bazar branch includes these elements, identifying the bank and the branch location in Nanded and Maharashtra correctly.
How to Find IFSC Code for State Bank Of India?
If you are looking for the IFSC Code SBIN0003498 of State Bank Of India for its Naigaon Bazar branch located in Nanded, the following methods can help:
Cheque Book
The cheque book that is issued by State Bank Of India includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.
Passbook
Most of the banks, including State Bank Of India branches in Nanded and Nanded, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of State Bank Of India and look for the branch locator section, then search for Naigaon Bazar or Nanded to get the exact IFSC Code SBIN0003498.
Mobile Banking App
If you use State Bank Of India's mobile app, you can check your account details to easily find your branch's IFSC code.
RBI Website
The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for State Bank Of India and Nanded, then it will provide you proper information.
How to Use IFSC Code SBIN0003498 for Online Transfers?
Once you have the IFSC Code SBIN0003498 for the Naigaon Bazar branch of State Bank Of India in Nanded, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code SBIN0003498. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. Requires the recipient's account details and State Bank Of India IFSC Code SBIN0003498.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the State Bank Of India Naigaon Bazar in Nanded, your payment can get delayed or might not go through at all.
Finding the MICR Code
MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of State Bank Of India in Naigaon Bazar, you can find it by any of the following ways:
- Check the bottom of your cheque leaf.
- Go to the first page of your passbook.
- Visit the official State Bank Of India website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in Nanded manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is SBIN0003498.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Opp Balaji Oil Industries, Near Laxmi Talkies, Distt Nanded, Maharashtra 431709 located in Nanded, Nanded, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.